Smaller A&P Exits Chapter 11

MONTVALE, N.J. — A 15-month stay under federal bankruptcy protection ended last week for A&P, which will continue as a private company with lower costs, a cleaner balance sheet and 75 fewer stores than it had going in.
As previously announced, Mount Kellett Capital Management, Yucaipa Cos. and investment funds managed by Goldman Sachs Asset Management have provided $490 million in debt and equity financing to sponsor A&P’s reorganization plan and complete its balance ...

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